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+--- Thread: Piramal Pharma to Invest ₹670 Crore in Expanding Sterile Injectables Facility in US (/thread-567.html)
Piramal Pharma to Invest ₹670 Crore in Expanding Sterile Injectables Facility in US - Harpreet - 01-10-2024
Piramal Pharma has announced a significant investment of ₹670 crore to expand its sterile injectables manufacturing facility located in Lexington, Kentucky, USA. The Lexington site specializes in providing comprehensive services such as sterile compounding, liquid filling, and lyophilization for sterile injectable drug products. This expansion is set to strengthen Piramal’s position in the US pharmaceutical market and enhance its capabilities to meet the growing global demand for injectable drug products.
### **Current and Future Production Capacity**
At present, the Lexington facility has the capacity to manufacture 104 product batches per year. With the completion of the planned expansion by 2027, the production capacity is expected to more than double, reaching over 240 batches annually. This increased capacity will enable Piramal Pharma to cater to a broader customer base and support a diverse range of projects, including the production of complex sterile injectable formulations.
### **Strategic Significance**
The expansion of the Lexington facility is a strategic move by Piramal Pharma to capitalize on the growing market for sterile injectables, which are increasingly being used for critical care and specialty therapies. The demand for such drug products has been rising due to their effectiveness in delivering precise doses and their use in treating complex health conditions. By bolstering its production capacity, Piramal Pharma is positioning itself to better serve its clients and reinforce its leadership in the sterile injectable segment.
### **Focus on Technological Advancements and Compliance**
The investment will be utilized to upgrade and expand the existing infrastructure at the Lexington site, incorporating state-of-the-art technologies to support advanced manufacturing processes. These upgrades will include enhancements to sterile compounding capabilities, the addition of new liquid filling lines, and improvements in lyophilization technology. The expansion will also ensure that the facility continues to meet the highest standards of quality and compliance, in line with global regulatory requirements.
### **Impact on the US Operations and Global Supply Chain**
The Lexington facility serves as a critical hub for Piramal Pharma’s US operations, supporting its North American customers and contributing to the global supply chain. With this expansion, the company aims to enhance its ability to deliver high-quality sterile injectable drug products more efficiently. The increased production capacity will also support the timely delivery of essential medications, thereby improving patient outcomes and addressing supply chain challenges in the pharmaceutical industry.
### **Commitment to Growth and Innovation**
Piramal Pharma’s decision to invest in expanding its Lexington facility reflects its commitment to growth and innovation. The company has been focusing on strengthening its capabilities in key therapeutic areas, and this expansion is a step forward in that direction. It aligns with Piramal’s broader strategy of investing in advanced manufacturing technologies and infrastructure to support the development and commercialization of complex drug products.